Equity Issuers Face Investor Pushback

Oct 29, 2009

Despite a flurry of new issue activity in the Brazilian equity market, there is a relatively low level of goodwill from investors amid continued weakness in the Bovespa, which dropped another 4.8% Wednesday. Disgruntled buysiders and ECM bankers point to the poor performance of recent transactions including Cetip, Tivit and Cyrela. “The taste in investors’ mouths...